6) Fabulous Holiday Corp. (FHC) has just finished building a 60 room motel. FHC anticipates that they will rent these rooms for a total of 16,425 nights next year (75% of full capacity). All rooms are similar and will rent for the same price. FHC estimates the following operating costs for next year. Variable operating costs $15 per room night Fixed costs: Salaries and wages $177,000 Maintenance $140,000 Admin $283,250 $600.250 Total Fixed Costs The capital invested in the motel is $2 million. FHC's target return on investment (ROI) is 25%. FHC expects demand for rooms to be about uniform throughout the year. FHC plans to price the rooms at full cost plus a markup on full cost to earn the target return on investment. What price should FHC charge per room per room night to achieve the target return on investment? (round to two decimals)